When Is The Right Time To Ask For A Raise? What do you go to work for? A sense of achievement, to fulfill a lifelong passion or to pay the bills and keep a roof over your head? Everyone will normally fit into one of the above categories, but whether you like it or not, money really does make the world go round. So, it comes as no surprise that money is probably the main reason that most employees turn up to the office, the shop, or the restaurant in the morning.
Which means that asking for a raise is something that crosses most employees minds at some point in the year. Yet negotiating a pay rise can be nerve-wracking. Deciding when to approach your boss, how much to ask for, and what to say all needs careful thought.
You may think it’s the right time after a successful marketing campaign, after hiring a new member of staff, after taking on extra responsibility or even going the extra mile. These are all times when it might be appropriate and suitable to ask for a raise within the workplace. However, some companies have a clear and transparent review system for employees.
Pam Rogerson, Head of HR at ELAS, details the protocol of some companies payroll structures.
“Many organisations have annual pay reviews so the staff don’t need to ask for a pay review. The organisation would review salaries and communicate with their staff what, if any, pay rises will take place and why. Some are connected to performance appraisals and are structured in such a way that if objectives are satisfied then a pay rise is set.”
“If the organisation doesn’t have a formalised pay rise request structure then the employees would usually go to their immediate line manager and ask that their salary be reviewed, often setting out the case for themselves based on their length of service, annual inflation, competitor salaries or their own performance etc.”
“When it comes to asking for a pay rise there aren’t really any don’ts that I can think of other than not holding your employer to ransom with any threats to leave as your bluff may well be called!”
Want to discuss your rights when it comes to giving employees pay rises? Or want to know how to prepare for a pay review? Contact a member of our team on 08450 50 40 60.